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(Xinhua)
Updated: 2007-08-02 11:39

Related readings:  Fund management firms to invest in overseas stock markets  Southern Fund wins nod to invest abroad  Insurers to be allowed to increase overseas investment  New QDII measure takes effect

Tan said, "Foreign capital markets are more mature and better regulated, and the long term investment returns in those markets can be quite satisfactory."

Last year, Shanghai-based Hua An Fund Management Co Ltd became China's first fund management firm to be allowed to invest overseas as a pilot QDII, with a quota of US$500 million.

Its first QDII product, launched in November, raised US$197 million and yielded five percent in the following six months.

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